secwatch / observer

Quality Industrial Corp. — fact timeline

Source-grounded facts extracted from Quality Industrial Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

QIND Quality Industrial Corp. JSON
Earnings Releases

Quality Industrial Corp. reported fiscal year ended December 31, 2025 results: revenue $16,307,787, net income $(4,603,645).

“FY 2024 FY 2025 Change Revenue $ 11,177,567 $ 16,307,787 +45.9 % Gross Profit $ 3,963,263 $ 4,788,780 +20.8 % Gross Margin 35.5 % 29.4 % -17.2 % Operating Expenses $ 3,265,008 $ 5,245,558 +60.7 % Net Income (Loss) $ 266,780 $ (4,603,645 ) -1,825.6 %”
Earnings Releases

Quality Industrial Corp. reported fiscal year ended December 31, 2025 results: revenue $16,307,787, net income $(4,603,645).

“we believe the progress has been substantial. This letter provides an overview of what was achieved and what lies ahead. Financial Highlights FY 2025 FY 2024 Change Revenue $ 16,307,787 $ 11,177,567 +45.9 % Gross Profit $ 4,788,780 $ 3,963,263 +20.8 % Gross Margin 29.4 % 35.5 % Operating Expenses $ 5,245,558 $ 3,265,008 +60.7 % Net Loss / (Income) — Reported $”

Sanjeeb Safir was appointed as Managing Director for the Middle East Region at Quality Industrial Corp..

“On September 2, 2024, the Board appointed Sanjeeb Safir as our newly appointed Managing Director for the Middle East Region.”
Material Agreements

Quality Industrial Corp. terminated QI Purchase Agreement with Quality International Co Ltd FZC (effective 2024-04-01).

“greement (the “QI Purchase Agreement”) with Gerab National Enterprises LLC and Mr. Saseendran Kodapully Ramakrishnan, (together,”
Auditor Changes

Quality Industrial Corp. reported that prior financial statements should not be relied upon.

“On April 1, 2024, as a result of the cancellation of the QI Purchase Agreement, the Company’s independent registered public accounting firm, Pipara & Co LLP (“Pipara”), determined that the Company’s audited financial statements as of and for the year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K, filed with the SEC on May 8, 2023 (the “Original Filing”), need to be restated as such report contains consolidated financial statements reflecting the acquisition of QI. Therefore, the Original Filing should no longer be relied upon, as such report must be restated to show the financial statements of Quality Industrial without QI included.”
Material Agreements

Quality Industrial Corp. entered into Stock Purchase Agreement with shareholders of Al Shola Al Modea Gas Distribution LLC valued at $10,000,000 (Ten Million USD) (effective 2024-03-27).

“As of March 27, 2024, we entered into a definitive Stock Purchase Agreement (the “Purchase Agreement”) with the shareholders of Al Shola Al Modea Gas Distribution LLC (“ASG” or “Al Shola Gas”) to acquire a 51% interest in ASG.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.